Average Financial Analyst Salary in Kyrgyzstan for 2024

In this article, we will look at the average Financial Analyst salary for 2024 in Kyrgyzstan and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Kyrgyzstani som. To keep things simple, we are using the KGS currency code instead of the currency symbol ั.

How Much Does a Financial Analyst Make in Kyrgyzstan?

A Financial Analyst working in Kyrgyzstan will typically earn around 294,700 KGS per year, and this can range from the lowest average salary of about 151,800 KGS to the highest average salary of 450,300 KGS.

Average Annual Salary
294,700 KGS
Average Monthly Salary
24,558 KGS

Lowest Annual Salary
151,800 KGS
Lowest Monthly Salary
12,650 KGS

Highest Annual Salary
450,300 KGS
Highest Monthly Salary
37,525 KGS

These are average salaries for a Financial Analyst in Kyrgyzstan and include benefits such as housing and transport. It's also possible for a Financial Analyst to earn more or less than the average salaries shown above.

Financial Analyst salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Financial Analyst Salaries in Kyrgyzstan

So we've looked at the average salaries a Financial Analyst will earn in Kyrgyzstan. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Financial Analyst can earn between 151,800 KGS and 450,300 KGS on average in Kyrgyzstan. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Financial Analyst in Kyrgyzstan is 288,100 KGS. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 288,100 KGS, and 50% of the population earn more than 288,100 KGS.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Financial Analyst salary in Kyrgyzstan, 25% of the population are earning less than 195,200 KGS while 75% of the population earn more than 195,200 KGS.

75% of the population earn less than 361,500 KGS, and 25% of the population earn more than 361,500 KGS.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Financial Analyst Salary by Experience Level in Kyrgyzstan

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average financial analyst salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Financial Analyst in Kyrgyzstan that has less than two years of experience can expect to earn somewhere in the region of 167,100 KGS.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Analyst salary would increase to 217,900 KGS.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Analyst, the average salary would be 307,400 KGS.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 367,200 KGS.
  • 15 - 20 Years Experience. A Financial Analyst with 15 to 20 years of experience can earn an average of 397,900 KGS.
  • 20+ Years Experience. For a Financial Analyst with more than 20 years, the expected average salary increases to 430,500 KGS.

Average Salary by Experience Chart

0-2 Years
167,100 KGS
2-5 Years +31%
217,900 KGS
5-10 Years +40%
307,400 KGS
10-15 Years +20%
367,200 KGS
15-20 Years +9%
397,900 KGS
20+ Years +8%
430,500 KGS

Financial Analyst Salary by Education Level in Kyrgyzstan

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Financial Analyst in Kyrgyzstan based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Financial Analyst in Kyrgyzstan with a high school education can earn an average salary of 200,000 KGS.

  • Certificate or Diploma. A Financial Analyst in Kyrgyzstan with a certificate or diploma education can earn an average salary of 232,900 KGS.

  • Bachelor's Degree. A Financial Analyst in Kyrgyzstan with a bachelor's degree education can earn an average salary of 325,600 KGS.

  • Master's Degree. A Financial Analyst in Kyrgyzstan with a master's degree education can earn an average salary of 417,100 KGS.

Average Salary by Education Chart

High School
200,000 KGS
Certificate or Diploma +15%
232,900 KGS
Bachelor's Degree +41%
325,600 KGS
Master's Degree +29%
417,100 KGS

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Kyrgyzstan is around 97,400 to 292,000 KGS and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Financial Analyst Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Kyrgyzstan, a male financial analyst will earn an average of 312,400 KGS, while a female financial analyst will earn around 275,500 KGS.

This means that a male financial analyst earns approximately 13% more than a female financial analyst for performing the same job.

Average Salary by Gender Chart in Kyrgyzstan

Male
312,400 KGS
Female -13%
275,500 KGS

Financial Analyst Average Pay Raise in Kyrgyzstan

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Financial Analyst in Kyrgyzstan is around 9% every 28 months.

The national average pay raise across all professions and industries in Kyrgyzstan is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Financial Analyst in Kyrgyzstan can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Kyrgyzstan for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Kyrgyzstan.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Financial Analyst Bonus and Incentive Rates in Kyrgyzstan

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Financial Analyst is a low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.

63% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
37%
No Bonus
63%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Kyrgyzstan earn approximately 17% more than private sector employees in the same role.

Public Sector
254,700 KGS
Private Sector -17%
216,800 KGS

Salaries for Jobs Similar to a Financial Analyst

In the table below, we have salary information for jobs that are similar to a Financial Analyst in Kyrgyzstan.

Job Title Category Salary
Account Examiner Accounting and Finance 119,900 KGS
Account Executive Accounting and Finance 218,900 KGS
Accountant Accounting and Finance 167,100 KGS
Accounting Analyst Accounting and Finance 200,000 KGS
Accounting Assistant Accounting and Finance 136,100 KGS
Accounting Associate Accounting and Finance 118,800 KGS
Accounting Clerk Accounting and Finance 103,900 KGS
Accounting Coordinator Accounting and Finance 146,200 KGS
Accounting Head Accounting and Finance 348,300 KGS
Accounting Manager Accounting and Finance 349,300 KGS
Accounting Officer Accounting and Finance 125,100 KGS
Accounting Specialist Accounting and Finance 228,000 KGS
Accounting Supervisor Accounting and Finance 233,600 KGS
Accounting Technician Accounting and Finance 115,220 KGS
Accounting Unit Controller Accounting and Finance 277,400 KGS
Accounts Executive Accounting and Finance 225,300 KGS
Accounts Officer Accounting and Finance 136,100 KGS
Accounts Payable and Receivable Specialist Accounting and Finance 167,100 KGS
Accounts Payable Assistant Accounting and Finance 136,200 KGS
Accounts Payable Associate Accounting and Finance 152,000 KGS
Accounts Payable Clerk Accounting and Finance 125,100 KGS
Accounts Payable Manager Accounting and Finance 332,100 KGS
Accounts Receivable Administrator Accounting and Finance 253,400 KGS
Accounts Receivable Clerk Accounting and Finance 125,700 KGS
Accounts Receivable Financial Analyst Accounting and Finance 239,000 KGS
Accounts Receivable Manager Accounting and Finance 340,400 KGS
Accounts Receivable Team Leader Accounting and Finance 253,400 KGS
Assistant Accountant Accounting and Finance 128,500 KGS
Assistant Accounting Manager Accounting and Finance 325,800 KGS
Assistant Auditor Accounting and Finance 164,200 KGS
Assistant Corporate Controller Accounting and Finance 221,500 KGS
Assistant Finance Manager Accounting and Finance 359,900 KGS
Assistant Financial Controller Accounting and Finance 238,900 KGS
Audit Director Accounting and Finance 385,300 KGS
Audit Supervisor Accounting and Finance 314,500 KGS
Auditing Clerk Accounting and Finance 136,100 KGS
Auditing Manager Accounting and Finance 341,900 KGS
Billing Clerk Accounting and Finance 130,400 KGS
Billing Coordinator Accounting and Finance 159,400 KGS
Billing Specialist Accounting and Finance 187,300 KGS
Billing Supervisor Accounting and Finance 265,000 KGS
Bookkeeper Accounting and Finance 114,000 KGS
Bookkeeping Specialist Accounting and Finance 159,400 KGS
Budget Analyst Accounting and Finance 277,400 KGS
Budget Manager Accounting and Finance 340,000 KGS
Business Support Analyst Accounting and Finance 187,300 KGS
Capital Markets Associate Accounting and Finance 266,000 KGS
Cash Flow Analyst Accounting and Finance 253,400 KGS
Cash Management Manager Accounting and Finance 335,800 KGS
Cash Management Officer Accounting and Finance 197,600 KGS
Cashbook Clerk Accounting and Finance 118,800 KGS
Chartered Accountant Accounting and Finance 221,500 KGS
Chief Accountant Accounting and Finance 246,200 KGS
Collections Clerk Accounting and Finance 106,780 KGS
Collections Representative Accounting and Finance 152,100 KGS
Collections Specialist Accounting and Finance 174,000 KGS
Corporate Controller Accounting and Finance 273,300 KGS
Corporate Treasurer Accounting and Finance 327,300 KGS
Cost Accountant Accounting and Finance 169,000 KGS
Cost Accounting Manager Accounting and Finance 345,700 KGS
Cost Accounting Supervisor Accounting and Finance 283,400 KGS
Cost Analyst Accounting and Finance 283,400 KGS
Credit and Collection Manager Accounting and Finance 327,300 KGS
Credit and Collection Staff Accounting and Finance 130,400 KGS
Credit and Loans Officer Accounting and Finance 119,320 KGS
Credit Controller Accounting and Finance 225,700 KGS
Credit Manager Accounting and Finance 344,600 KGS
Debt Adviser Accounting and Finance 294,300 KGS
Debt Collector Accounting and Finance 130,400 KGS
Debtors Clerk Accounting and Finance 116,180 KGS
Debtors Controller Accounting and Finance 125,100 KGS
Deputy CFO Accounting and Finance 464,900 KGS
Deputy Head of Finance Accounting and Finance 480,600 KGS
Derivative Trader Accounting and Finance 292,000 KGS
Director of Finance Accounting and Finance 498,000 KGS
Economist Accounting and Finance 407,100 KGS
Equity Analyst Accounting and Finance 301,600 KGS
Escrow Assistant Accounting and Finance 151,800 KGS
Executive Accountant Accounting and Finance 187,300 KGS
External Auditor Accounting and Finance 233,900 KGS
Finance Administrator Accounting and Finance 207,700 KGS
Finance Analyst Accounting and Finance 301,600 KGS
Finance Associate Accounting and Finance 142,300 KGS
Finance Director Accounting and Finance 489,500 KGS
Finance Executive Accounting and Finance 357,300 KGS
Finance Licensing Clerk Accounting and Finance 124,400 KGS
Finance Licensing Manager Accounting and Finance 335,800 KGS
Finance Licensing Specialist Accounting and Finance 174,000 KGS
Finance Manager Accounting and Finance 472,000 KGS
Finance Officer Accounting and Finance 167,100 KGS
Finance President Accounting and Finance 510,300 KGS
Finance Relationship Manager Accounting and Finance 411,400 KGS
Finance Release Analyst Accounting and Finance 201,100 KGS
Finance Specialist Accounting and Finance 282,300 KGS
Finance Team Leader Accounting and Finance 365,400 KGS
Financial Accountant Accounting and Finance 164,200 KGS
Financial Actuary Accounting and Finance 253,400 KGS
Financial Administrator Accounting and Finance 275,500 KGS
Financial Advisor Accounting and Finance 313,700 KGS
Financial Applications Specialist Accounting and Finance 209,500 KGS
Financial Assistant Accounting and Finance 139,100 KGS
Financial Associate Accounting and Finance 137,400 KGS
Financial Associate Accounting and Finance 169,000 KGS
Financial Claims Analyst Accounting and Finance 216,800 KGS
Financial Claims Manager Accounting and Finance 292,000 KGS
Financial Claims Supervisor Accounting and Finance 275,800 KGS
Financial Clerk Accounting and Finance 128,500 KGS
Financial Commercial Analyst Accounting and Finance 251,500 KGS
Financial Compliance Analyst Accounting and Finance 275,800 KGS
Financial Consultant Accounting and Finance 233,600 KGS
Financial Controller Accounting and Finance 275,500 KGS
Financial Controller Accounting and Finance 279,400 KGS
Financial Coordinator Accounting and Finance 151,800 KGS
Financial Customer Service Manager Accounting and Finance 308,900 KGS
Financial Dealer and Broker Accounting and Finance 192,000 KGS
Financial Director Accounting and Finance 485,300 KGS
Financial Encoder Accounting and Finance 138,800 KGS
Financial Manager Accounting and Finance 450,300 KGS
Financial Manager Accounting and Finance 457,300 KGS
Financial Operations Manager Accounting and Finance 447,700 KGS
Financial Policy Analyst Accounting and Finance 272,800 KGS
Financial Project Manager Accounting and Finance 361,600 KGS
Financial Quantitative Analyst Accounting and Finance 296,000 KGS
Financial Reporting Consultant Accounting and Finance 245,300 KGS
Financial Reporting Manager Accounting and Finance 335,100 KGS
Financial Section Head Accounting and Finance 313,700 KGS
Financial Services Manager Accounting and Finance 420,800 KGS
Financial Services Sales Agent Accounting and Finance 175,900 KGS
Fixed Assets Administrator Accounting and Finance 183,700 KGS
Forensic Accountant Accounting and Finance 207,700 KGS
Fraud Detection Supervisor Accounting and Finance 209,500 KGS
Fraud Prevention Manager Accounting and Finance 353,600 KGS
Fund Accountant Accounting and Finance 169,000 KGS
Grants Coordinator Accounting and Finance 119,900 KGS
Group Financial Manager Accounting and Finance 475,700 KGS
Internal Auditor Accounting and Finance 227,600 KGS
Internal Control Adviser Accounting and Finance 268,900 KGS
Internal Control Officer Accounting and Finance 152,100 KGS
International Tax Director Accounting and Finance 407,100 KGS
Inventory Accountant Accounting and Finance 183,700 KGS
Investment Advisor Accounting and Finance 433,400 KGS
Investment Analyst Accounting and Finance 325,900 KGS
Investment Associate Accounting and Finance 275,500 KGS
Investment Broker Accounting and Finance 283,400 KGS
Investment Fund Manager Accounting and Finance 375,200 KGS
Investment Operations Manager Accounting and Finance 381,800 KGS
Investment Underwriter Accounting and Finance 146,200 KGS
Investor Accounting and Finance 228,500 KGS
Investor Relations Manager Accounting and Finance 325,600 KGS
KYC Team Leader Accounting and Finance 340,000 KGS
Loan Processor Accounting and Finance 146,200 KGS
Management Accountant Accounting and Finance 192,600 KGS
Management Economist Accounting and Finance 377,200 KGS
Paymaster Accounting and Finance 138,200 KGS
Payroll Administrator Accounting and Finance 215,100 KGS
Payroll Benefits Coordinator Accounting and Finance 181,600 KGS
Payroll Billing Manager Accounting and Finance 301,700 KGS
Payroll Clerk Accounting and Finance 146,200 KGS
Payroll Manager Accounting and Finance 312,400 KGS
Payroll Officer Accounting and Finance 148,300 KGS
Payroll Specialist Accounting and Finance 180,300 KGS
Payroll Supervisor Accounting and Finance 221,500 KGS
Pensions Administrator Accounting and Finance 172,200 KGS
Personal Financial Advisor Accounting and Finance 240,500 KGS
Pricing Analyst Accounting and Finance 281,500 KGS
Private Equity Analyst Accounting and Finance 311,700 KGS
Project Accountant Accounting and Finance 187,500 KGS
Proposal Development Coordinator Accounting and Finance 142,300 KGS
Receivables Accountant Accounting and Finance 159,400 KGS
Regulatory Accountant Accounting and Finance 175,900 KGS
Retirement Plan Analyst Accounting and Finance 273,300 KGS
Revenue Management Specialist Accounting and Finance 286,400 KGS
Revenue Recognition Analyst Accounting and Finance 307,400 KGS
Risk Management Director Accounting and Finance 397,900 KGS
Risk Management Supervisor Accounting and Finance 332,100 KGS
Staff Accountant Accounting and Finance 158,700 KGS
Tax Accountant Accounting and Finance 161,600 KGS
Tax Administrator Accounting and Finance 187,300 KGS
Tax Advisor Accounting and Finance 267,100 KGS
Tax Analyst Accounting and Finance 246,200 KGS
Tax Associate Accounting and Finance 151,800 KGS
Tax Consultant Accounting and Finance 261,300 KGS
Tax Director Accounting and Finance 384,500 KGS
Tax Examiner Accounting and Finance 175,900 KGS
Tax Manager Accounting and Finance 352,000 KGS
Tax Research Manager Accounting and Finance 357,300 KGS
Teller Accounting and Finance 103,580 KGS
Treasury Accountant Accounting and Finance 176,800 KGS
Treasury Analyst Accounting and Finance 290,800 KGS
Underwriter Accounting and Finance 123,400 KGS
Underwriting Assistant Accounting and Finance 117,660 KGS
Vice President of Finance Accounting and Finance 467,700 KGS

Salary Comparison by City

If you want to compare salaries with different cities in Kyrgyzstan, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Bishkek 332,500 KGS

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